Regulatory Alerts2014-07-15 | BSD/DIR/GEN/LAB/07/19Responsibility of all Banks, Discount Houses, and Development Finance Institutions with Respect to Human Rights Under the Nigerian Sustainable Banking Principles (NSBP)
This letter is a reminder from the Central Bank of Nigeria to all banks, discount houses, and development finance institutions about their responsibilities concerning human rights under the Nigerian Sustainable Banking Principles (NSBP). The bank's approach should align with the Nigerian Constitution, United Nations Declaration on Human Rights, and other international treaties. Key policies must recognize employees' entitlement to safe and fair labor conditions and free association as allowed by national law. Any hindrance or prevention of staff/employees from exercising their rights to free association will constitute an infraction that attracts sanctions.
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